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OKX NFT FAQ

Published on Jan 5, 2023Updated on Nov 21, 20244 min read115

1. What networks does OKX NFT support?

OKX NFT is a one-stop NFT hub that supports a number of EVM and non-EVM blockchain networks. OKX NFT Marketplace works seamlessly with these networks: OKTC, Ethereum, Bitcoin, Polygon, Solana, Aptos, Avalanche C, Immutable X, Arbitrum One, Optimism, Klaytn, zkSync Era, BNB Smart Chain, SUI, Arbitrum Nova, LINEA, and BASE. OKX NFT currently has the best support for popular networks. We're working on the integration of many more blockchains.

2. How to get the contract address of an NFT?

First, select an NFT and enter its details page on OKX NFT. Then scroll down to view and copy the contract address of the token.

Get the contract address of the token in the Details section

3. How much service fee does OKX NFT currently charge?

Zero. You don't have to pay any service fee to buy or sell NFTs in OKX NFT Marketplace. People can create, buy, or sell NFTs across a number of markets and blockchains here. OKX NFT makes this possible with a smooth integration of networks, namely OpenSea, LooksRare, X2Y2, Magic Eden, Element, Immutable and CryptoPunks. Our state-of-the-art features enable you to get orders from numerous platforms so that you can list or buy NFTs in minutes. Get in on the action with us now to buy, sell, or create NFTs with ease and joy!

4. Are there any costs when I trade on OKX NFT?

There might be fees when you buy, sell, create, or transfer NFTs, or when you buy crypto on the OKX cryptocurrency exchange. Depending on what NFTs and where you are buying or selling, you may need to pay royalty, platform service fee, and Gas fee.

Royalty: Buying or selling an NFT may involve paying a royalty to the creator. Although OKX doesn't charge any service fees, other platforms may charge you some money for buying or listing.
Service fee: OKX NFT Marketplace doesn't charge any service fees. You can save some money by listing or buying on our platform, because we can help you find the best order that gets you the lowest asking prices and lowest fees.
Gas fee: You may need to pay gas fees when you buy, list, sell, and transfer NFTs, or buy crypto. Gas fees are the transaction fee on blockchains.

5. Any tips for buying and selling NFTs?

Anyone can place a bid to buy NFTs. When you place an order, you need to set an expiration date. Currently, you can set the order to expire in 3, 7, or 30 days. You can also customize and make the order end on a certain date (make the order last up to 7 months). If people don't snap up your NFTs before your listing orders expire, your orders will become invalid automatically. When you list the NFTs, you need to authorize the transaction requests.

You may need to pay a fee — but only after the buyer has bought your NFTs. If you'd like to buy one NFT out of several ones, you can have several separate offers at the same time — at the same price. If you've bought any of the NFTs, other orders will get canceled automatically.

Note: Certain NFT collections may have specific requirements for transactions. For example, there can be only one offer/ bid for NFTs of CryptoPunks. If someone makes a higher offer than the current bid, the precious one will get canceled and can't be restored. On top of that, people need to make a deposit when they make offers on CryptoPunks, and they'll get the money back if their offers get canceled. Lastly, when you have the highest offer on CryptoPunk, you can also buy it directly instead, and your previous bid will get canceled automatically.

6. Does OKX NFT Marketplace support ERC-1155?

Yes, it does. In OKX NFT Marketplace, you can buy or sell a certain number of ERC-1155 tokens, or Fungible tokens. You don't need to buy up all the copies of an ERC-1155 token. This is an OKX-only feature! Only at our platform can you buy or sell a flexible number of ERC-1155 tokens — and across many platforms! In other words, you've visited the right marketplace if you don't want to buy up all the pieces of the fungible token.

OKX NFT will keep improving our products and services. For more information about Web3, blockchain, or us, visit our Help Center.

Disclaimer
This content is provided for informational purposes only and may cover products that are not available in your region. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. Information (including market data and statistical information, if any) appearing in this post is for general information purposes only. While all reasonable care has been taken in preparing this data and graphs, no responsibility or liability is accepted for any errors of fact or omission expressed herein. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com.

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2. How to get the contract address of an NFT?

3. How much service fee does OKX NFT currently charge?

4. Are there any costs when I trade on OKX NFT?

5. Any tips for buying and selling NFTs?

6. Does OKX NFT Marketplace support ERC-1155?